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IMF might continue negotiations on new loans for Ukraine next week

Ron van Roden, head of the IMF mission in Ukraine, called the negotiations with the Ukrainian side constructive and fruitful
08:28, 24 November 2019

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Next week, the mission of the International Monetary Fund intends to continue discussions on a new lending program for Ukraine. According to Ron van Roden, head of the IMF mission in Ukraine, stated this, as Ukrinform reported.

"The mission has made significant progress in discussions about measures and reforms that could form the basis of a new programб supported by the IMF. I mean measures in the monetary, fiscal, and financial sectors, as well as reforms aimed at improving business, strengthening the rule of law, and boosting economic growth. Discussions will continue in the coming weeks," head of the IMF mission in Ukraine noted.

Related: Ukraine expects to receive IMF’s consent by the end of 2019

Ron van Roden called the negotiations with the Ukrainian side constructive and fruitful. He noted that in the past few months, Ukraine has made significant progress towards the development of reforms and compliance with a balanced economic policy.

As reported before, IMF mission, led by Ron van Roden, visited Ukraine on November 14-22.

Ukraine is negotiating on the possibility of opening a new 3-year program of expanded EFF financing for 5-6 billion US dollars.

Earlier, Ukrainian oligarch Ihor Kolomoysky stated he would very soon continue leading PrivatBank, and the International Monetary Fund is aware of this. He said it in an interview with Kyiv Post.

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